Facebook IPO comes with a health warning

SophosLabs: Facebook’s IPO is the most hyped initial public offering in years, with much speculation about just how many billions of dollars the social networking phenomenon will be valued at. There’s no doubt that 27-year-old Mark Zuckerberg, the founder of Facebook, is going to become a very rich man – and will be able to buy an even larger wardrobe of hoodies. So, congratulations to Zuck and his management team. Although we have often had our concerns about Facebook when it comes to their stand on privacy and security, there’s no doubt that they’ve done something extraordinary in commercial terms....

February 2, 2012 · 3 min · 545 words · Omid Farhang

Facebook’s Zuckerberg Now Richer Than Apple’s Steve Jobs

Just 5 years after founding Facebook, Mark Zuckerberg is worth more than Apple’s iconic chief Steve Jobs. This year, Zuckerberg, 26, added $4.9 billion to his fortune–vaulting to #35 on the Forbes 400 with an estimated fortune of $6.9 billion. Why the jump? Recent private equity investments in Facebook valued the firm at around $23 billion–more than triple its 2009 value of $7 billion. Illiquid private shares in secondary markets point to an even richer valuation....

November 6, 2010 · 2 min · 255 words · Omid Farhang

Does Apple want to buy Facebook?

Peter Kafka at All Things Digital thinks that Steve Jobs might want to buy Facebook. His reasoning is that Jobs, when asked what Apple plans to do with its now $51 billion in cash, said, “We firmly believe that one or more unique strategic opportunities will present itself to us, and we’ll be in a position to take advantage of it.” Kafka believes that one such “unique strategic” opportunity is called Facebook....

October 19, 2010 · 2 min · 290 words · Omid Farhang